Financial strain and psychological well-being among the American and Japanese elderly.

Research in the United States indicates that stressful life events may create psychological distress among older adults by eroding their sense of personal control and by diminishing their feelings of self-worth. The purpose of this study was twofold: (a) to replicate these findings with data provided by a recent nationwide survey of elderly people in the United States (N = 1,523) and (b) to compare these findings with results obtained from a nationwide survey of older adults in Japan (N = 1,517). The findings from both surveys are quite similar. The data indicate that financial strain tends to erode feelings of control and self-worth in both cultures, and the weakening of these personal resources in turn tends to increase depressive symptoms.